SOURCE: 3BL Alerts
DESCRIPTION:
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has released its fifth annual Economic Contribution Report, detailing the direct economic benefits created in the communities and jurisdictions where we operate, including payments to suppliers, employee wages and benefits, and payments to governments.
In 2020, Teck provided $10.8 billion in total economic contribution across all areas where we operate, including:
- $7.4 billion in Canada
- $2.1 billion in Chile
- $1.1 billion in the U.S.
Some highlights of our total economic contribution include:
- $1.6 billion in wages and benefits to over 10,000 employees worldwide
- $8.4 billion in spending with suppliers, supporting additional jobs and activity in the areas where we operate
- $375.7 million in payments to different levels of government
Our annual Economic Contribution Report provides detailed information on our payments to governments and other economic contribution, including wages and supplier spending. In this report, we provide an analysis of our tax payments in 2020 by type, country and level of government. We also include additional detail on the value Teck generates for the communities in which we operate, including Indigenous communities, through wages, payments to suppliers and contractors, and other economic activities.
For more information and to download Teck’s 2020 Economic Contribution Report, visit the Teck website at: https://www.teck.com/responsibility/sustainability-topics/communities-and-indigenous-peoples/economic-contributions/
About Teck
As one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.
Investor Contact:
Fraser Phillips
Senior Vice President, Investor Relations & Strategic Analysis
604.699.4621
Media Contact:
Chris Stannell
Public Relations Manager
604.699.4368
KEYWORDS: NYSE: TECK, ReportAlert, Teck
